Chapter 076 Monetary Easing

Masayoshi Kishimoto has long been foreseeable, once the South Korean government and the central bank introduce monetary easing policies, and when the people of South Korea have a personal intuitive feeling, it means that the amount of money has been issued I don't know how much.

Governments and central banks naturally have the power to issue fiat money. They just need to let the money printing machine run at full power, and according to different actual needs, it can be printed.

The upper classes will have various channels to receive news in advance. There will be a response before the government and the central bank make an official announcement through the media. Or, it is a negotiation between the two parties and tailor-made.

After all, South Korea is a country controlled by chaebols. Samsung Group alone accounts for nearly 20% of the country's GDP.

The top four chaebols account for 58% of South Korea's GDP. The top 10 chaebols account for more than 80% of the country's GDP.

Although the middle class passively accepts, there is no problem at all. First of all, they all have a permanent formal job.

This main group of people is either civil servants or full-fledged employees of large corporations. Even if the South Korean government and central bank introduce monetary easing, it will not necessarily be harmful, but they will benefit from it to a greater or lesser extent. The price of real estate in the name of an individual has increased significantly.

As the amount of money in the market increases, the currency will inevitably depreciate, and it is inevitable that prices will rise. At the same time, it will also trigger a sharp increase in real estate, especially rents.

Since it is middle class, it means that there must be a house. No matter how bad it is, you should have gold, stocks, and all kinds of securities in your hands, and you should not just have cash.

This is accompanied by rising tides, which can offset the negative effects of inflation. Otherwise, the government or large companies will directly give them a salary increase, increase temporary subsidies for living expenses, and so on.

The lower classes are miserable, really miserable. The largest group of people will suffer from the fact that the money is deposited in the bank, and it will be inexplicably reduced.

Of course, the less money referred to here is purchasing power. For example, in the past, 10,000 won could buy a watermelon, but now it costs 20,000 won to buy a watermelon of the same size.

The reason why it is the lower class, the house is generally not available. Gold, stocks, and various securities are also often not available. If there were, there would be very few.

Their main habit or way of storing it for emergencies is to keep it in the bank or somewhere in the house in a secret place that only they know. As a result, people sit at home, and money is reduced like this.

In real life, they will obviously feel that prices are getting higher and higher, and survival is becoming more and more difficult. This salary is not going up. Even if wages have been raised, inflation has not increased.

Wages rose by 5%, real prices or, to put it another way, the CPI consumer price index rose by 10%. Cutting back on food and clothing, trying to reduce expenses, and squeezing money out to live, the pain index will also increase.

What used to be three meals became two meals, and what used to be two meals became one meal. Otherwise, it will directly turn three meals a day into one meal, after all, water, electricity and gas also cost money.

When Masayoshi Kishimoto thought of this, he felt a lot of emotion in his heart, why did he understand that people always want to flow upwards by any means?

Or should the Chinese saying say well, water flows to low places, and people go to high places. Don't think that you can retire, you can enjoy your old age with a pension. In a capitalist society of all evils, that does not exist.

Kishimoto is well aware that the retirement system is a beautiful scam. It began in the feudal social stage of the developed capitalist countries of Europe and the United States, and was suitable for the people, that is, the backbone of society such as public officials.

Depending on the social status and pre-retirement position, after retirement, you can receive a monthly pension. However, in the past, money, whether it was the pound sterling or the franc, it was metal money.

That means it's either gold or silver. These things cannot be easily issued by the government and the central bank, and gold and silver must be obtained through mining and other means, and then minted into the currency in the market, which is not at all like today, where the government and the central bank have unlimited monetary rights to print money.

Therefore, the biggest advantage of metal currency is that it is not easy to depreciate. In addition, it is not easy to rot as easily as paper when stored.

The amount of pension benefits is currently fixed at the beginning. Under normal economic conditions, there is no problem in personal life.

However, normal economic conditions do not last forever. The cycle of financial crises is generally once every 10 years on average.

Here's the problem. The government directly lowers the amount of pensions, and retirees will definitely not be happy, which will inevitably cause dissatisfaction and protests. Therefore, the government will not be stupid enough to do this, and often directly issue more currency to depreciate the operation.

Retirees say that prices are too high and pensions are not enough. The government began to pretend to be deaf and dumb and did not understand what was being said.

Otherwise, it is just a lot of money, taking the data of many years ago, deliberately ignoring the price level at that time and making a comparison with the current amount, which is obviously more money for you.

It's not enough, is it spent indiscriminately, or is it spent on other things, for example, traveling abroad or something. It is because of the fault of you people that you have moved the wealth of your country to foreign countries.

I can't afford to eat, and I still have the money to travel abroad? Otherwise, it's all your poor's fault.

One by one, they don't pay taxes, and they have to eat state welfare, all of which are eaten up by your gang of moths and maggots. You're embarrassed to make trouble......

The best way to deal with the people at the bottom is to rise and fall. On the surface, it is to give you a wage increase, but in fact, more money has been issued, and even the principal and interest have been recovered from you.

There are many ways to harvest from the stock market, funds, etc. That is, the retirement money I paid to you, which is the money I harvested from your investment in the stock market and so on.

Over and over again, your negative emotions are gone. You will only blame yourself for not seeing it right, for making mistakes in your investments, for your bad luck, for your bad life, instead of stepping into a trap that has been set up a long time ago.

Every time Masayoshi Kishimoto sees this kind of operation of ordinary people, he has an indescribable feeling. Even if you try to persuade directly, you can't persuade you. They'll blame you for delaying him to get rich.

This kind of person's psychological state is what he has observed from running a pachinko shop in the first place. Therefore, in his opinion, it is obviously a good trap, and someone will take the initiative to stick their necks into it one after another. In the end, I don't know how to die when I die.